The after-tax net present value with an 8% discount is $299 million and an after-tax internal rate of return of 17.7%.

The Corani deposit in southern Peru is one of the largest fully permitted silver-polymetallic deposits in the world.

Dialogue with the government could lead to policy modifications, Chief Executive Octavio Alvidrez says.

Demand for copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients.

The concentrator is now entering a ramp-up period and is expected to reach its nameplate capacity and full design recovery by April 2022.

The assets on a 100% basis, produced 6.4 million oz. silver-equivalent during the nine months ended on September 30.

Gold advanced nearly 2% on Wednesday to its highest in a month.